Item 8.01. Other Events. As previously disclosed, on September 18, 2024, the Eighth Judicial District Court of the State of Nevada in and for Clark County (the “Court”) entered an Order Appointing Receiver in the action styled White Rocks (BVI) Holdings Inc., et al. v. David Reichman, Kathy M. Griffin, Frank Benintendo, Donald Gilbert, et al., Global Tech Industries Group, Inc., as Nominal Defendant, Case No.…
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Item 8.01Item 8.01 - Other Events
Item
8.01. Other Events.
As
previously disclosed, on September 18, 2024, the Eighth Judicial District Court of the State of Nevada in and for Clark County (the “Court”)
entered an Order Appointing Receiver in the action styled White Rocks (BVI) Holdings Inc., et al. v. David Reichman, Kathy M. Griffin,
Frank Benintendo, Donald Gilbert, et al., Global Tech Industries Group, Inc., as Nominal Defendant, Case No. A-24-896359-B (the “Receivership
Order”), appointing Paul L. Strickland as the Court-Appointed Receiver (the “Receiver”) of Global Tech Industries Group,
Inc. (the “Company” or “GTII”).
On
July 17, 2026, the Receiver filed with the Court a Receiver’s Comprehensive Status Report and Consolidated Report of Investigation,
Administration, and Going-Forward Plan (the “Comprehensive Status Report”), a copy of which is filed as Exhibit 99.1 to,
and incorporated by reference in, this Current Report on Form 8-K. The action has been reassigned to Department 15 of the Court.
The
Comprehensive Status Report consolidates and synthesizes the Receiver’s First through Seventh Interim Reports and states the estate’s
current status and the Receiver’s going-forward plan. Among other things, the Comprehensive Status Report describes how the Receivership
came to be and the nature and business of GTII; the results of the Receiver’s investigation into the conduct of the Company’s
former officers, directors, and affiliated professionals; the cash and stock assets the Receiver has marshaled and the settlements and
recoveries achieved to date; the status of the Company’s audit for the fiscal years ended December 31, 2023 and December 31, 2024
and the Company’s return to Securities and Exchange Commission reporting compliance; the claims asserted against the estate; the
Court’s Freeze Order and related disputed-share Transfer Order; the Receiver’s fees and administration of the estate; and
the Receiver’s plan for concluding the Receivership on terms intended to preserve and enhance value for GTII’s public shareholders,
including the settlement, audit, investigation, and pending transaction workstreams. The foregoing description is qualified in its entirety
by reference to the full text of the Comprehensive Status Report filed as Exhibit 99.1 hereto.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htm
EX-99.1
2
ex99-1.htm
EX-99.1
EXHIBIT
99.1
Receiver’s
Comprehensive Status Report and Consolidated Report of Investigation, Administration, and Going-Forward Plan dated July 17, 2026
Filed
in the action styled White Rocks (BVI) Holdings Inc., et al. v. David Reichman, et al.,
Case
No. A-24-896359-B,
Eighth
Judicial District Court, Clark County, Nevada, Department 15
[The
Receiver’s Comprehensive Status Report will be appended hereto upon transmittal of this Current Report on Form 8-K to the registrant’s
EDGAR filing agent.]